Situated in the context of challenges facing liberal arts education in Chinese universities, this lecture explores (1) Why do we (still) need a liberal arts education in the 21st century? (2) Should an effective or ideal liberal arts education evolve with time and context? If yes, what needs to be taken into account in the 21st century? (3) What does a 21st-century liberal arts education look like at Chinese universities and elsewhere? Employing the German concept of Bildung as a guiding framework, it concludes that a 21st-century liberal arts education for universities in China and elsewhere needs to absorb meta changes and movements in society at home and around the world, while ideally rooted in a knowledge tradition. Hence it would comprise three essential elements: humanist education, cognitive education, and global education.